PIP Reforms Micropayments on Social Media; Ethereum Shanghai Upgrade Set to Delay

Daily Hot Token  — PIP (PIP)

U.S. equities rebounded at key resistance levels as the 30-year Treasury yield newly hit 4%, sending a mixed signal to investors. The broader cryptocurrency whipsawed as the concerns over Silvergate’s solvency surfaced, with Bitcoin and Ether down by 4.86% and 4.69% respectively in the past 24 hours as of the time of writing. The hot token today is PIP, which registered a whopping 24-hour return of 254.17% right after listing on Bybit, outperforming the market as it aims to reform micropayments using blockchain technology.